Rivian stock falls more than 12% after EV maker loses more than $2 billion, trims production targets

An earlier version of this report had incorrect quarterly loss figures for Rivian. It has been corrected. Rivian Automotive Inc. lost more than $2 billion in the fourth quarter, saying that supply-cha...

Rivian (RIVN) earnings Q4 2021

Rivian signage at the Nasdaq on their IPO day, November 10, 2021 in New York. Source: Rivian Shares of Rivian Automotive tumbled in after-hours trading Thursday after the company missed Wall Street...

Rivian’s Earnings Are Thursday. Here’s What To Expect.

Text size Courtesy of Rivian Electric truck startup Rivian Automotive will report fourth-quarter earnings Thursday afternoon. Trading in the stock following the report should be wild. Investors better...

Rivian Earnings Are Coming. Wall Street Is Cutting Price Targets in Preparation.

Text size The average analyst target price for Rivian is down to about $116 a share from $133 over the past month. Courtesy Rivian Electric truck maker Rivian Automotive reports fourth-quarter numbers...

Rivian Stock Ends a Hard Week With a Price Target Cut

Text size Rivian Courtesy Rivian Investors in electric-truck start-up Rivian Automotive are having a tough week. Shares slid again Friday after Baird analyst George Gianarikas cut his price target for...

Rivian Stock Is Falling Because EV Prices Are Rising. Investors Aren’t Happy.

Text size Prices for some Rivian vehicles and trim levels are rising up to 20%. Courtesy Rivian Prices for new electric vehicles from electric truck maker Rivian Automotive are rising to help the star...

Rivian Stock’s Price Target Gets a Cut. There Are Too Many Headwinds.

Text size Courtesy of Rivian Electric-truck startup Rivian Automotive reports fourth-quarter earnings in about a week. One analyst cut his price target on the stock ahead of the report because there a...

Giant U.S. Pension Bought Up EV Stocks NIO, XPeng, Li Auto, and Rivian

Text size A Nio eP9 car Hector Retamal/AFP via Getty Images The second-largest U.S. pension by assets bought up shares of four electric-vehicle makers as 2021 was coming to a close. Unfortunately, the...

George Soros Buys a Big Rivian Stake

Text size Soros Fund Management’s stake was worth about $2.1 billion at the end of December. Courtesy Rivian George Soros’ family investment office, Soros Fund Management, revealed a new stake i...

Billionaire George Soros reveals stake in Rivian, sells some tech shares

Billionaire George Soros’ investment fund has taken a more than $1 billion stake in electric-pickup maker Rivian Automotive Inc. According to a filing with the Securities and Exchange Commission on Fr...

Giant Pension Exited Alibaba and Bought Coinbase, Lucid, and Rivian Stock

Text size Alibaba is no longer a holding in a New Jersey pension fund. Greg Baker/AFP via Getty Images Late in 2021, New Jersey’s state pension bought up newly public stocks that have plunged so far i...

Tesla Finally Gets a Mention as Biden Talks Up Electric Vehicles

Text size President Joe Biden spoke in Washington, D.C., on Tuesday. Brendan Smialowski/AFP/Getty Images President Joe Biden just publicly said the T-word— Tesla —seeming to extend an olive branch to ...

Amazon May Have Saved the Stock Market. But It’s Looking Even Worse for Meta.

After Meta Platforms’ disastrous earnings outlook, the mood was pretty sour. And with investors weighing up the Federal Reserve’s future path for interest rates and the potential impact on valuations,...

Rivian Rescued Amazon Earnings—but Not Ford’s. Here’s Why.

Text size Courtesy of Rivian Amazon.com ‘s huge earnings beat was huge, but it wasn’t driven by consumer shopping or its cloud business. It was mostly driven by gains from its holdings of Rivian Autom...

How Rivian Rescued Amazon Earnings–But Not Ford

Text size Courtesy of Rivian Amazon.com ‘s huge earnings beat was mostly driven by gains from its holdings of Rivian Automotive stock. Ford Motor owns Rivian stock too. Like Amazon , it reported bette...

The Worst Big IPOs of 2021

Text size Oscar Health shares closed at $6.20 on Friday, down 84% from the IPO price. Gabby Jones/Bloomberg IPOs soared for most of 2021, making the year one of the best ever for companies to list the...

Rivian Stock Is Falling and Wall Street Isn’t Helping

Text size *** ONE-TIME USE *** Rivian Manufacturing Courtesy Rivian Stock in electric-truck startup Rivian Automotive has been decimated to start 2022. Dazed investors must be wondering what, if anyth...

Ford’s Rivian Stake Is Worth Billions. Why That Might Be a Problem.

Text size Ford Motor Company’ logo Jeff Kowalsky/AFP via Getty Images Despite recent stock volatility, Ford Motor is making a mint on its investment in electric truck startup Rivian Automotive ....

Ford to book $8.2 billion fourth-quarter profit on Rivian investment

Ford Motor Co. said late Tuesday it will post an $8.2 billion gain in the fourth quarter related to its investment in Rivian Automotive Inc. following the electric-vehicle maker’s November initial pub...

Giant Stock Swings Kick Off 2022

U.S. stocks are off to a rocky start in 2022. Under the surface, things are even more volatile. More than 220 U.S.-listed companies with market capitalizations above $10 billion are down at least 20% ...

An EV Startup Hit a Bump In the Road. A Warning Sign for the Sector.

Text size Bollinger Motors’ B1 electric sport utility truck. Courtesy of Bollinger Motors/PR Newswire Electric-truck startup Bollinger Motors said Friday it is dropping the B1 all-electric SUV a...

Tesla Stock Is Down. Don’t Blame Cybertruck.

Text size Tesla stock appears to be dropping after a report that the company changed the language on its Cybertruck webpage. Robyn Beck / AFP via Getty Images Tesla stock is down a little Wednesday. T...

NIO, XPeng and Li Auto Stock Get New Ratings. The Call Is to Buy Them All.

Text size NIO is selling essentially all the cars it can produce. Nicolas Asfouri/FP via Getty Images Macquarie analyst Erica Chen launched coverage of three U.S.-listed Chinese electric vehicle maker...

Rivian Stock Drops on Hints of Vehicle Production Issues

Text size 2022 Rivian R1T Courtesy of Rivian Stock in electric truck startup Rivian Automotive was falling Tuesday because of two issues that impact the same key success factor for the company: vehicl...

Auto Stocks Have Revved Up on EV Ambitions. Here’s Where They Go Next.

Who needs parody cryptocurrency when car stocks are this exciting? Ford Motor , General Motors , Tesla , and Rivian Automotive each had price swings of more than 10% during the first trading week of t...

GM’s Chevy Silverado EV Has Arrived. It Could Move the Stock.

Text size A 2024 Silverado EV RST. Courtesy GM Launches of new models typically aren’t stock-market issues for traditional auto manufacturers, but things are changing. General Motors ‘ unveiling of th...

Rivian Shares Plunge Nearly 15% In Two Days After Amazon Signs Deal With Rival

Topline Shares of electric vehicle startup Rivian have fallen by around 15% in the last two days, hitting a new low after Amazon signed a deal to buy electric vans from rival automaker Stellantis and ...

Rivian Stock Is Dropping Like a Stone. Blame Amazon.

Text size Amazon has ordered 100,000 delivery vans from Rivian. Courtesy Amazon Stock in Rivian Automotive is falling fast because it seems the start-up has competition in supplying electric trucks to...

Citi Is Bullish on Lucid Stock. Where Is the Rest of Wall Street?

Text size A Lucid Air Grand Touring electric luxury car. Patrick T. Fallon/AFP/Getty Images Citigroup is staying bullish on electric-vehicle startup Lucid to start the new year. Analyst Itay Michaeli ...